SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN INDONESIAN GAAP AND SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN INDONESIAN GAAP AND

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 132

55. SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN INDONESIAN GAAP AND

U.S. GAAP continued 2 a. The significant adjustments to the consolidated net income for the nine months period ended September 30, 2007 and 2008 which would be required if U.S. GAAP have been applied, instead of Indonesian GAAP, in the consolidated financial statements are set forth below: Note 2007 2008 Net income according to the consolidated statements of income prepared under Indonesian GAAP 9,819,055 8,919,888 U.S. GAAP adjustments - increase decrease due to: Voluntary termination benefits a 1,461,149 - Capitalization of foreign exchange differences - net of related depreciation b 57,506 54,852 Foreign exchange gain - net of related depreciation on contracts containing embedded foreign currency derivative instrument c - 10,345 Interest capitalized on assets under construction - net of related depreciation d 50,905 14,319 RSA e 80,164 111,537 Pension and other post-retirement benefits f 91,678 61,329 Post-retirement health care f 73,870 70,769 Equity in net loss of associated companies g 241 244 Amortization of land rights h 15,665 23,296 Revenue recognition i 32,402 40,397 Amortization of goodwill j - - Capital leases k 24,409 12,321 Adjustment for consolidation of Dayamitra l 8,540 8,540 Assets retirement obligations m 8,680 25,735 Amendment and restatement of the KSO VII t 53,377 12,202 PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 133

55. SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN INDONESIAN GAAP AND

U.S. GAAP continued 2 a. continued Note 2007 2008 Deferred income tax: Deferred income tax on equity method investments n 2,216 86 Deferred income tax effect on U.S. GAAP adjustments 371,387 48,484 1,130,381 40,708 Minority interest 10,561 8,886 Net adjustments 1,140,942 31,822 Net income in accordance with U.S. GAAP 8,678,113 8,951,710 Net income per share in accordance with U.S.GAAP - in full Rupiah amount 434.51 452.69 Net income per ADS in accordance with U.S.GAAP - in full Rupiah amount 40 Series B shares per ADS 17,380.47 18,107.73 b. The significant adjustments to the consolidated stockholders equity as of September 30, 2007 and 2008 which would be required if U.S. GAAP have been applied, instead of Indonesian GAAP, in the consolidated financial statements, are set forth below: Note 2007 2008 Stockholders equity according to the consolidated balance sheets prepared under Indonesian GAAP 31,818,485 32,593,263 U.S. GAAP adjustments - decrease increase due to: Voluntary termination benefits a - - Capitalization of foreign exchange differences - net of related depreciation b 335,192 255,570 Foreign exchange gain - net of related depreciation, on contracts containing embedded foreign currency derivative instrument c - 46,811 Interest capitalized on assets under construction - net of related depreciation d 277,278 296,755 RSA e 84,445 221,845 Pension and other post-retirement benefits f 194,210 803,071 Post-retirement health care f 1,704,522 2,631,626 Equity in net loss of associated companies g 19,085 19,413 Amortization of land rights h 116,611 144,723 Revenue recognition i 681,488 629,551 PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 134

55. SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN INDONESIAN GAAP AND